StocksTC Energy: Geopolitical Tensions Over Iran Bolster Case for LNG Canada Phase 2
On March 23, TC Energy's CEO stated that the war in Iran makes the construction of a second phase of the LNG Canada facility more likely. This outlook is primarily driven by disruptions to global liquefied natural gas supplies. On March 25, Qatar's export capacity was crippled by recent attacks, while Goldman Sachs warned that market disruptions could persist through 2027. Additionally, Chevron's Wheatstone gas plant in Australia sustained storm damage, adding further strain to the global LNG market. On March 30, Golden Pass LNG, a joint venture between QatarEnergy and Exxon Mobil, produced its first liquefied natural gas at its new facility in Texas.
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